This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $278k initial cash invested.
-15.22%
Cash On Cash
3.1%
Cap Rate
0.5
DSCR
$6,658
Rent
-$3,527
Cashflow
Cash Flow
$6,658 income − $10,185 expenses = $3,527 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$248k
Closing costs
1%
$12,386
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,658
Total Expenses
$10,185
Mortgage P&I
97%
$6,462
Property Taxes
13%
$868
Home Insurance
8%
$517
HOA
1%
$75
Property Management
12%
$799
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$732